See more : Cairo Communication S.p.A. (CAI.MI) Income Statement Analysis – Financial Results
Complete financial analysis of CVB Financial Corp. (CVBF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of CVB Financial Corp., a leading company in the Banks – Regional industry within the Financial Services sector.
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CVB Financial Corp. (CVBF)
About CVB Financial Corp.
CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers. The company also provides commercial lending products comprising lines of credit and other working capital financing, accounts receivable lending, and letters of credit; agriculture loans to finance the operating needs of wholesale dairy farm operations, cattle feeders, livestock raisers, and farmers; lease financing services for municipal governments; commercial real estate and construction loans; and consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans and lines of credit. In addition, it offers various specialized services, such as treasury management systems for monitoring cash flow, merchant card processing program, armored pick-up and delivery, payroll services, remote deposit capture, electronic funds transfers, wires and automated clearinghouse, and online account access. Further, the company provides trust services through its CitizensTrust Division, such as fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts. As of December 31, 2021, it operated 58 banking centers located in the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California; and three trust offices located in Ontario, Newport Beach, and Pasadena, as well as two loan production offices in California's Central Valley and the Sacramento area. The company was founded in 1974 and is headquartered in Ontario, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 547.32M | 555.50M | 461.94M | 464.24M | 484.35M | 392.53M | 321.05M | 292.63M | 285.98M | 272.62M | 240.70M | 250.71M | 269.55M | 317.34M | 303.66M | 228.14M | 192.47M | 202.45M | 198.56M | 185.39M | 159.28M | 142.90M | 125.26M | 113.13M | 108.60M | 80.60M | 73.50M | 67.70M | 57.20M | 50.40M | 46.60M | 39.90M | 36.50M | 36.10M | 32.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | -118.34M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 141.03M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 665.66M | 555.50M | 461.94M | 464.24M | 484.35M | 392.53M | 321.05M | 292.63M | 285.98M | 272.62M | 240.70M | 250.71M | 128.53M | 317.34M | 303.66M | 228.14M | 192.47M | 202.45M | 198.56M | 185.39M | 159.28M | 142.90M | 125.26M | 113.13M | 108.60M | 80.60M | 73.50M | 67.70M | 57.20M | 50.40M | 46.60M | 39.90M | 36.50M | 36.10M | 32.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 121.62% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 47.68% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 139.19M | 131.60M | 129.46M | 131.06M | 129.30M | 109.26M | 93.45M | 82.63M | 78.88M | 77.12M | 71.02M | 68.50M | 69.99M | 69.42M | 62.99M | 68.18M | 55.30M | 50.51M | 53.08M | 47.29M | 41.49M | 35.97M | 32.63M | 3.24M | 29.10M | 22.70M | 21.70M | 20.00M | 16.50M | 15.20M | 14.40M | 13.50M | 13.60M | 12.90M | 11.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 6.76M | 6.30M | 4.62M | 4.49M | 5.89M | 5.30M | 4.84M | 5.03M | 5.02M | 5.20M | 4.68M | 4.87M | 4.98M | 6.08M | 6.53M | 6.88M | 5.95M | 6.25M | 5.84M | 5.15M | 4.52M | 3.68M | 3.22M | 2.70M | 2.90M | 2.00M | 2.10M | 2.20M | 1.40M | 1.50M | 1.10M | 700.00K | 700.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 191.19M | 137.89M | 134.08M | 135.55M | 135.19M | 114.56M | 98.29M | 82.63M | 78.88M | 77.12M | 71.02M | 68.50M | 69.99M | 69.42M | 62.99M | 75.07M | 61.26M | 56.76M | 58.91M | 52.44M | 46.02M | 39.65M | 35.85M | 5.94M | 32.00M | 24.70M | 23.80M | 22.20M | 17.90M | 16.70M | 15.50M | 14.20M | 14.30M | 12.90M | 11.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | -56.21M | -298.37M | -350.27M | -328.47M | -283.15M | -35.08M | -35.51M | -207.87M | -171.13M | -149.61M | -173.87M | 656.00K | 904.00K | 323.00K | -71.39M | 9.48M | -8.12M | -73.07M | -101.95M | -86.76M | -65.27M | -44.95M | -8.33M | -60.90M | -41.00M | -44.30M | -45.50M | -38.90M | -38.30M | -36.70M | -27.20M | -18.20M | -11.60M | -12.60M | 5.80M | 4.00M | 2.90M | 2.30M |
| Operating Expenses | 191.19M | 6.30M | -164.29M | -214.72M | -193.28M | -168.60M | 4.84M | 5.03M | -128.99M | -94.01M | -78.59M | -105.37M | -175.24M | 70.32M | 63.31M | 3.68M | 70.73M | 48.64M | -14.16M | -49.51M | -40.74M | -25.62M | -9.10M | -2.39M | -28.90M | -16.30M | -20.50M | -23.30M | -21.00M | -21.60M | -21.20M | -13.00M | -3.90M | 1.30M | -1.30M | 5.80M | 4.00M | 2.90M | 2.30M |
| Cost & Expenses | 191.19M | 6.30M | -164.29M | -214.72M | -193.28M | -168.60M | 4.84M | 5.03M | -128.99M | -94.01M | -78.59M | -105.37M | -34.22M | 70.32M | 63.31M | 3.68M | 70.73M | 48.64M | -14.16M | -49.51M | -40.74M | -25.62M | -9.10M | -2.39M | -28.90M | -16.30M | -20.50M | -23.30M | -21.00M | -21.60M | -21.20M | -13.00M | -3.90M | 1.30M | -1.30M | 5.80M | 4.00M | 2.90M | 2.30M |
| Interest Income | 604.47M | 513.46M | 419.61M | 429.36M | 456.62M | 359.82M | 285.85M | 262.83M | 258.74M | 250.77M | 230.74M | 261.55M | 269.48M | 316.97M | 310.56M | 327.97M | 341.28M | 316.66M | 248.49M | 197.70M | 166.35M | 154.32M | 155.88M | 150.87M | 128.50M | 96.80M | 84.70M | 74.90M | 64.70M | 54.00M | 45.80M | 44.20M | 48.90M | 52.50M | 46.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 118.34M | 9.16M | 6.08M | 14.28M | 22.08M | 12.82M | 8.30M | 7.98M | 8.57M | 16.39M | 16.51M | 25.27M | 35.04M | 57.97M | 88.50M | 138.84M | 180.14M | 147.46M | 77.44M | 46.52M | 37.05M | 40.44M | 52.81M | 56.76M | 38.50M | 31.20M | 25.00M | 21.50M | 16.60M | 11.20M | 9.90M | 12.20M | 19.40M | 22.80M | 18.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 18.17M | 14.47M | 14.64M | 16.25M | 22.04M | 8.35M | -645.00K | 3.80M | 949.00K | 1.14M | 1.13M | 2.16M | 3.48M | 3.73M | 3.16M | 3.59M | 13.24M | 15.10M | 21.63M | 14.30M | 22.02M | 18.28M | -6.23M | 9.87M | 11.20M | 1.90M | 1.90M | -200.00K | 1.00M | 0.00 | 200.00K | 1.10M | 1.30M | 1.30M | 1.20M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 328.49M | 342.01M | 0.00 | 0.00 | 313.11M | 219.46M | 191.45M | 167.61M | 0.00 | 163.63M | 146.72M | 122.23M | 0.00 | 97.29M | 162.67M | 199.60M | 149.29M | 143.15M | 151.64M | 130.38M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 28.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.80M | 4.00M | 2.90M | 2.30M |
| EBITDA Ratio | 60.02% | 62.12% | 66.22% | 55.76% | 62.32% | 59.18% | 61.19% | 59.48% | 55.23% | 65.93% | 67.82% | 58.83% | 61.39% | 48.93% | 61.79% | 103.19% | 143.63% | 131.48% | 103.76% | 81.01% | 88.25% | 94.87% | 87.77% | 106.62% | 83.70% | 82.13% | 74.69% | 65.29% | 65.03% | 57.14% | 54.94% | 70.18% | 92.88% | 107.20% | 99.70% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 353.20M | 337.50M | 297.65M | 249.52M | 291.07M | 223.93M | 197.09M | 170.26M | 156.99M | 178.61M | 162.10M | 145.34M | 34.22M | 151.53M | 184.46M | 231.81M | 263.20M | 251.09M | 184.40M | 135.89M | 118.54M | 117.29M | 116.16M | 110.75M | 79.70M | 64.30M | 53.00M | 44.40M | 36.20M | 28.80M | 25.40M | 26.90M | 32.60M | 37.40M | 31.50M | 5.80M | 4.00M | 2.90M | 2.30M |
| Operating Income Ratio | 64.53% | 60.76% | 64.44% | 53.75% | 60.10% | 57.05% | 61.39% | 58.18% | 54.90% | 65.52% | 67.35% | 57.97% | 12.69% | 47.75% | 60.75% | 101.61% | 136.75% | 124.03% | 92.87% | 73.30% | 74.42% | 82.07% | 92.74% | 97.89% | 73.39% | 79.78% | 72.11% | 65.58% | 63.29% | 57.14% | 54.51% | 67.42% | 89.32% | 103.60% | 96.04% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -37.76M | -29.46M | 346.00K | -13.13M | -28.32M | -38.04M | -16.10M | -20.37M | -31.01M | -18.26M | -13.45M | -23.76M | -656.00K | -904.00K | -73.42M | -146.07M | 0.00 | 0.00 | -2.27M | -8.15M | -37.05M | -40.44M | -52.81M | -56.76M | -38.50M | -31.20M | -25.00M | -21.50M | -16.60M | -54.40M | -9.90M | -12.20M | -19.40M | -22.80M | -18.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 315.43M | 328.35M | 297.65M | 249.52M | 291.07M | 211.12M | 188.80M | 162.29M | 151.37M | 162.80M | 144.28M | 114.69M | 120.80M | 86.74M | 89.25M | 85.75M | 83.06M | 103.63M | 106.96M | 89.37M | 81.49M | 76.85M | 63.36M | 53.99M | 41.20M | 33.10M | 28.00M | 22.90M | 19.60M | 17.60M | 15.50M | 14.70M | 13.20M | 14.60M | 12.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 57.63% | 59.11% | 64.44% | 53.75% | 60.10% | 53.78% | 58.81% | 55.46% | 52.93% | 59.72% | 59.94% | 45.75% | 44.82% | 27.33% | 29.39% | 37.59% | 43.16% | 51.19% | 53.87% | 48.21% | 51.16% | 53.78% | 50.58% | 47.72% | 37.94% | 41.07% | 38.10% | 33.83% | 34.27% | 34.92% | 33.26% | 36.84% | 36.16% | 40.44% | 38.72% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 94.00M | 92.92M | 85.13M | 72.36M | 83.25M | 59.11M | 84.38M | 60.86M | 52.22M | 58.78M | 48.67M | 37.41M | 39.07M | 23.80M | 23.83M | 22.68M | 22.48M | 31.72M | 36.35M | 27.88M | 28.66M | 27.10M | 23.30M | 19.30M | 15.20M | 12.30M | 10.60M | 9.60M | 8.10M | 7.20M | 6.00M | 5.70M | 5.20M | 5.80M | 4.90M | -5.80M | -4.00M | -2.90M | -2.30M |
| Net Income | 221.44M | 235.43M | 212.52M | 177.16M | 207.83M | 152.00M | 104.41M | 101.43M | 99.15M | 104.02M | 95.61M | 77.28M | 81.73M | 62.94M | 65.42M | 63.07M | 60.58M | 71.91M | 70.62M | 61.49M | 52.83M | 49.75M | 40.06M | 34.68M | 26.00M | 20.80M | 17.40M | 13.30M | 11.50M | 10.40M | 9.50M | 9.00M | 8.00M | 8.80M | 7.80M | 5.80M | 4.00M | 2.90M | 2.30M |
| Net Income Ratio | 40.46% | 42.38% | 46.01% | 38.16% | 42.91% | 38.72% | 32.52% | 34.66% | 34.67% | 38.16% | 39.72% | 30.82% | 30.32% | 19.83% | 21.54% | 27.65% | 31.48% | 35.52% | 35.57% | 33.17% | 33.17% | 34.81% | 31.98% | 30.66% | 23.94% | 25.81% | 23.67% | 19.65% | 20.10% | 20.63% | 20.39% | 22.56% | 21.92% | 24.38% | 23.78% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 1.59 | 1.68 | 1.57 | 1.30 | 1.48 | 1.25 | 0.95 | 0.94 | 0.93 | 0.98 | 0.91 | 0.74 | 0.77 | 0.59 | 0.56 | 0.75 | 0.72 | 0.84 | 0.83 | 0.74 | 0.64 | 0.61 | 0.49 | 0.43 | 0.32 | 0.30 | 0.24 | 0.18 | 0.17 | 0.14 | 0.15 | 0.15 | 0.14 | 0.14 | 0.13 | 0.10 | 0.07 | 0.05 | 0.04 |
| EPS Diluted | 1.59 | 1.67 | 1.56 | 1.30 | 1.48 | 1.25 | 0.95 | 0.94 | 0.93 | 0.98 | 0.91 | 0.74 | 0.77 | 0.59 | 0.56 | 0.75 | 0.72 | 0.83 | 0.83 | 0.73 | 0.63 | 0.59 | 0.48 | 0.42 | 0.31 | 0.29 | 0.23 | 0.18 | 0.17 | 0.14 | 0.14 | 0.15 | 0.14 | 0.14 | 0.13 | 0.10 | 0.07 | 0.05 | 0.04 |
| Weighted Avg Shares Out | 138.33M | 139.65M | 135.17M | 136.03M | 139.76M | 121.67M | 109.41M | 107.28M | 105.72M | 105.24M | 104.73M | 104.42M | 105.14M | 105.88M | 92.96M | 83.12M | 84.14M | 85.60M | 85.08M | 83.09M | 82.55M | 82.21M | 82.32M | 81.32M | 80.01M | 79.10M | 86.96M | 73.27M | 69.49M | 74.82M | 64.33M | 59.70M | 57.79M | 60.86M | 60.37M | 60.82M | 59.10M | 58.91M | 53.40M |
| Weighted Avg Shares Out (Dil) | 138.46M | 140.01M | 135.38M | 136.21M | 139.93M | 121.96M | 109.81M | 107.69M | 106.19M | 105.76M | 105.13M | 104.66M | 105.22M | 106.13M | 93.06M | 83.34M | 84.14M | 86.63M | 85.08M | 84.23M | 84.08M | 84.65M | 83.78M | 83.30M | 82.59M | 82.43M | 86.96M | 75.84M | 70.14M | 74.82M | 68.62M | 59.70M | 57.79M | 60.86M | 60.37M | 60.82M | 59.10M | 58.91M | 53.40M |
CVB Financial Rewards Shareholders With New Share Repurchase Plan
CVBF announces a new share repurchase program of 10 million. Given its decent liquidity profile, this looks sustainable.
CVB Financial Corp. Announces Authorization of 10 Million Share Repurchase Plan
Ontario, CA, Nov. 21, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) announced that, at its regular meeting on November 20, 2024, the Board of Directors of CVB Financial Corp. (the “Company”), the holding company for Citizens Business Bank, authorized...
CVB Financial (CVBF) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for CVB Financial (CVBF) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
CVB Financial (CVBF) Tops Q3 Earnings Estimates
CVB Financial (CVBF) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.42 per share a year ago.
CVB Financial Corp. Reports Earnings for the Third Quarter 2024
Third Quarter 2024 Net Earnings of $51 million, or $0.37 per share Return on Average Assets of 1.23% Return on Average Tangible Common Equity of 14.93% Net Interest Margin of 3.05% Ontario, CA, Oct. 23, 2024 (GLOBE NEWSWIRE) -- CVB...
CVB Financial (CVBF) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Evaluate the expected performance of CVB Financial (CVBF) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Earnings Preview: CVB Financial (CVBF) Q3 Earnings Expected to Decline
CVB Financial (CVBF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CVB Financial Corp (CVBF) Shares Up 4.37% on Oct 2
Shares of CVB Financial Corp (CVBF, Financial) surged 4.37% in mid-day trading on Oct 2. The stock reached an intraday high of $18.22, before settling at $18.15, up from its previous close of $17.39.
This Salesforce Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
CVB Financial Corp. Announces 140th Consecutive Quarterly Cash Dividend
ONTARIO, CA, Sept. 16, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a twenty cent ($0.20) per share cash dividend with respect to the third quarter of 2024. This dividend was approved at the Company's regularly...
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